Author ArchivesCommodity News Service Canada

WINNIPEG – Only four of Manitoba’s eight major cattle auctions had sales last week. With sales numbers down compared to those before the holiday break. For the week ending Jan. 11, auctions at Brandon, Grunthal, Virden and Winnipeg sold a total of 1,164 cattle, with weather having played a role in the lower numbers. “We […] Read more

Winnipeg – Canola contracts on the ICE futures platform moved lower during the week ended Jan. 11, nearing major chart support as a number of factors conspired against the commodity. Losses in the Chicago Board of Trade soy complex were a major bearish influence on canola, as uncertainty over Chinese demand and looming South American […] Read more

WINNIPEG – When considering the pattern of how grain is shipped by rail in Canada, it’s very unlikely increased oil shipments would interfere, according to Quorum Corporation. “That’s largely because the flow of grain is predominantly to the West Coast and Thunder Bay,” said Quorum President Mark Hemmes. He explained approximately 80 percent of Canadian […] Read more

WINNIPEG – The ICE canola futures market has hit the winter lull and there isn’t much driving it, according to one trader. “The meal has been a leader to the upside, so that again should help crush margins and it has helped crush margins. But trade has been lackluster and I expect that to continue […] Read more

WINNIPEG – Even though news out of Beijing regarding the trade talks between the United States and China were reported as ending on a positive note Wednesday morning, one broker watching the Chicago Board of Trade didn’t see it having much effect on the commodities futures. “The only thing that would be a real positive […] Read more

WINNIPEG – Saskatchewan pulse processing company, Verdient Foods Inc., has entered into a joint venture agreement with American company Ingredion to expand operations. The Vanscoy, Sask. organic pea protein fractionation facility has been running since last year and the new agreement will see it expand operations to include more pulses. “We’ve identified plant-based proteins as […] Read more

WINNIPEG – Watching India as to what’s going on with the country’s politics and its current weather situation is important to the global pulse market said Allan Johnston of Johnston Grains in Welwyn, Sask. and Jonathon Driedger of FarmLink Marketing Solutions in Winnipeg, Man. India’s national election will be called in the next three to […] Read more

WINNIPEG – The ICE canola futures market spent the holiday season like it usually does, paying attention to the goings-on south of the border. However, near the end of the two-week holiday period, canola broke out on its own due to a rally in the Canadian dollar. The holidays were kicked off by a partial […] Read more

Winnipeg – Manitoba’s cattle auction yards remained quiet over the week ended Jan. 4, with activity set to start back up at most locations during the first full week of the month. Live cattle futures in Chicago ended 2018 at some of their highest levels of the past year, but subsequently spent the first days […] Read more

Winnipeg – Soybean futures at the Chicago Board of Trade started 2019 on a firm note, bouncing higher on rumours of fresh Chinese buying interest. However, with the United States government still in partial shutdown mode, confirmation of that business was lacking and additional advances remain questionable. “We’re basically buying the rumour at this point,” […] Read more